BMO Capital Markets Lowers Green Plains (NASDAQ:GPRE) Price Target to $8.00

Green Plains (NASDAQ:GPRE) had its target price cut by research analysts at BMO Capital Markets from $13.00 to $8.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the specialty chemicals company’s stock. BMO Capital Markets’ target price points to a potential upside of 12.98% from the company’s previous close.

Several other equities analysts have also recently weighed in on the company. Stephens upgraded Green Plains to a “hold” rating in a research note on Monday, December 2nd. Truist Financial lowered their price target on shares of Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Finally, StockNews.com upgraded Green Plains from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.31.

Green Plains Price Performance

NASDAQ:GPRE opened at $7.08 on Monday. The firm has a market cap of $457.79 million, a price-to-earnings ratio of -18.63, a P/E/G ratio of 3.69 and a beta of 1.44. Green Plains has a 52 week low of $6.23 and a 52 week high of $24.84. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.16 and a current ratio of 1.78. The firm’s 50-day simple moving average is $9.66 and its 200 day simple moving average is $11.88.

Green Plains (NASDAQ:GPRE) last announced its earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.64). Green Plains had a negative return on equity of 4.81% and a negative net margin of 0.79%. During the same period in the prior year, the business earned $0.13 EPS. As a group, sell-side analysts predict that Green Plains will post -1.02 earnings per share for the current year.

Hedge Funds Weigh In On Green Plains

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. New York State Teachers Retirement System boosted its position in shares of Green Plains by 2.3% during the 3rd quarter. New York State Teachers Retirement System now owns 62,254 shares of the specialty chemicals company’s stock valued at $843,000 after acquiring an additional 1,400 shares during the last quarter. SG Americas Securities LLC lifted its position in Green Plains by 4.1% during the fourth quarter. SG Americas Securities LLC now owns 37,479 shares of the specialty chemicals company’s stock valued at $355,000 after purchasing an additional 1,488 shares during the last quarter. Van ECK Associates Corp lifted its position in Green Plains by 433.3% during the fourth quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 2,717 shares during the last quarter. Inspire Advisors LLC grew its stake in Green Plains by 21.7% in the 4th quarter. Inspire Advisors LLC now owns 16,605 shares of the specialty chemicals company’s stock worth $157,000 after buying an additional 2,959 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of Green Plains by 120.7% in the 4th quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company’s stock worth $58,000 after buying an additional 3,320 shares during the last quarter.

Green Plains Company Profile

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.